financetom
Market
financetom
/
Market
/
Bharat Electronics receives defence and non-defence orders worth Rs 2,191 crore
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bharat Electronics receives defence and non-defence orders worth Rs 2,191 crore
Jun 30, 2023 8:02 AM

Navratna defence PSU Bharat Electronics Ltd (BEL) on Friday said the company has received new defence and non-defence orders worth Rs 2,191 crore.

Share Market Live

NSE

The orders are for the supply of Long Range Guidance Kit with Warhead, Airborne V/UHF Jammer, Battlefield Surveillance Radar (Short Range) Upgrade, Missile Guidance Radar & Control Centre, Upgraded Radio Relay (F) with Data Modem Encryption Unit Mk II, Identify Friend or Foe Mk XII A, Anti-Submarine Warfare Shallow Water Craft (ASW SWC) Sonar and Spares, it said.

These orders are in addition to the Rs 5,900 crore orders, which are already been received. With this, BEL has in all received orders to the tune of Rs 8,091 crore till now in the financial year 2023-24, the company said.

Also Read: Sheela Foam confirms in talks with various parties for growth, including Kurlon

Last week, the company received orders worth Rs 5,900 crore, of which Rs 3,914 crore of orders are from the Akash Prime Weapon System. The public sector defence unit said it has received orders for two regiments of the improved Akash Weapon System with upgrades from BDL for a value of Rs 3,914 crore.

The contract involves improvements to include high altitude operations, simultaneous engagement of multiple threats over 360 degrees, missiles fitted with RF Seekers and reduced footprint, the company said in a statement.

It also said it bagged other orders to the tune of Rs 1,984 crore, which include orders for Shakti EW; Sanket & MK III (naval systems), Jammer systems, MKBT systems, MK-XII Crypto Modules and upgrading SDP display of Rohini radars etc.

Also Read: US, Dutch set to hit China's chipmakers with one-two punch: Report

Shares of Bharat Electronics Ltd ended at Rs 125.85, up by Rs 5.25, or 4.35 percent on the BSE.

(Edited by : Pradeep John)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved